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fair market value
noun
: a price at which buyers and sellers with a reasonable knowledge of pertinent facts and not acting under any compulsion are willing to do business
Examples of fair market value in a Sentence
Recent Examples on the Web
The departure tax would treat the individual as selling his worldwide assets at fair market value, requiring payment of U.S. tax on any pretend gains.
—Virginia La Torre Jeker, J.d., Forbes, 19 Dec. 2024
Instead, these potential sponsorship deals with associated parties — APTs — had to conform with fair market value, with teams submitting their costings to the Premier League to see whether the deals complied.
—Jacob Whitehead, The Athletic, 20 Nov. 2024
The filing also includes information on interest rate swaps, with a total fair market value of $13,169,000.
—Quartz Bot, Quartz, 12 Nov. 2024
The deal also envisions fair market value analysis of NIL deals that exceed $600, ostensibly to ensure those deals aren’t pay-for-play arrangements masquerading as NIL contracts.
—Michael McCann, Sportico.com, 23 Sep. 2024
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Word History
First Known Use
1891, in the meaning defined above
Time Traveler
The first known use of fair market value was
in 1891
Dictionary Entries Near fair market value
Cite this Entry
“Fair market value.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/fair%20market%20value. Accessed 23 Dec. 2024.
Legal Definition
fair market value
noun
: a price at which buyers and sellers both having reasonable knowledge of the property and being under no compulsion are willing to do business
More from Merriam-Webster on fair market value
Thesaurus: All synonyms and antonyms for fair market value
Britannica.com: Encyclopedia article about fair market value
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